Brokerages Set Vedanta Resources plc (VED) PT at $746.11

Vedanta Resources plc (LON:VED) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 746.11 ($9.64).

Several equities research analysts recently commented on VED shares. Jefferies Group LLC upped their price target on shares of Vedanta Resources plc from GBX 575 ($7.43) to GBX 700 ($9.04) and gave the company an “underperform” rating in a research report on Thursday, August 31st. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 925 ($11.95) price target on shares of Vedanta Resources plc in a research report on Monday, July 24th. J P Morgan Chase & Co reduced their price target on shares of Vedanta Resources plc from GBX 700 ($9.04) to GBX 650 ($8.39) and set a “neutral” rating for the company in a research report on Monday, June 5th. Barclays PLC restated an “underweight” rating and issued a GBX 600 ($7.75) price target on shares of Vedanta Resources plc in a research report on Friday, July 14th. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 840 ($10.85) price target on shares of Vedanta Resources plc in a research report on Monday, July 31st.

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Vedanta Resources plc (LON:VED) traded down 1.76% during mid-day trading on Tuesday, reaching GBX 808.50. 3,054,504 shares of the company’s stock traded hands. Vedanta Resources plc has a 52-week low of GBX 494.20 and a 52-week high of GBX 1,112.50. The company has a 50-day moving average of GBX 797.11 and a 200-day moving average of GBX 734.11. The company’s market capitalization is GBX 2.25 billion.

About Vedanta Resources plc

Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.